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  2. Getting Paid in the Public Sector – Debt Recovery Webinar

Getting Paid in the Public Sector – Debt Recovery Webinar

WHEN: 15/10/2024 12:00 pm | DURATION: 45min
Overview

This webinar aims to provide valuable insights into debt recovery strategies and best practices for securing timely payments on public sector contracts. Attendees will learn from industry experts about the challenges and solutions in debt recovery, as well as the implications of prompt payment policies on public sector contracts.

Agenda

1. Introduction

  • Welcome and objectives of the webinar
  • Brief introduction of speakers

2. Understanding Debt Recovery

  • Overview of debt recovery processes
  • Key strategies for effective debt recovery
  • Case studies and success stories

3. Navigating Public Sector Contracts

  • Key considerations when dealing with public sector contracts
  • Common challenges and how to overcome them
  • Best practices for ensuring compliance and securing payments

4. Prompt Payment Policy and Its Impacts

  • Overview of the UK Government’s Prompt Payment Policy
  • Requirements for public sector buyers and suppliers
  • Implications of failing to adhere to prompt payment terms
    • Potential impacts on contract performance and supplier relationships
    • Legal and financial consequences

5. Q&A Session

  • Open floor for attendees to ask questions
  • Interactive discussion with speakers

6. Closing Remarks

  • Summary of key takeaways
  • Additional resources and contact information
Learning Objective
  • Effective Debt Recovery: Learn practical strategies to improve debt recovery rates and maintain positive client relationships.
  • Public Sector Contracts: Understand the nuances of public sector contracts and how to navigate them successfully.
  • Prompt Payment Policy: Gain insights into the Prompt Payment Policy and its critical role in ensuring timely payments and maintaining contract integrity.

We look forward to your participation in this informative session!

Speakers

Neil Bowler

Expert in Debt Recovery, The Debt Recovery Bureau

Neil is the Managing Partner of The Debt Recovery Bureau (DRB) where they have been collecting debts on behalf of clients for 21 years. Offering a ‘pay as you go’ service, DRB works across a number of sectors where clients invoice for goods and services and have an issue with late payers. For commercial debts or those owed by public bodies, costs and late payment interest can usually be added to the outstanding sum due. With the recent rounds of Section 114 (bankruptcy) notices from Councils, they have seen a significant increase in the number of overdue invoices issued to Councils and have successfully recovered a number of these for clients, effectively at no cost.

Vicky Poole

Specialist in Tender Response, Tender Response

Starting as a mathematician with a commercial mindset not normally linked to maths, I have spent over 15 years in senior strategic sales roles focusing on new public sector business development. With a solid grounding in telecoms and IT, and having won contracts ranging from £50k to £37 million, my experience is your gain. I finished up my corporate career leading bid response teams on multi-million-pound deals. I now run a business called Tender Response, helping SME’s to find qualify and respond to public sector tenders – and everything that comes with it too.

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Vicky helped me to qualify a grant that I was exploring for my business. I found her approach to be simple straightforward and I'm actually arranging for Vicky to be a speaker at an event I'm organising at the UK Africa trade Expo in March of 2024 to educate people to educate my peers and and organisations that will be present. I can't sing her praise highly enough she's an absolutely absolutely wonderful wealth of experience.

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